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Investment & Economic Review July 2018

20 Jul 2018

Investment markets in the early months of 2018 suffered several fits of volatility but managed to shake it off and rallied in May and June.   Consequently, Australian share indices ended June at close to their financial year-high points, whilst long-term interest rates, which had crept up towards 3%, retracted to about 2.6% by financial year end.

Investment & Economic Review April 2018

11 Apr 2018

Last quarter I wrote about unusually low investment market volatility in 2017, and the likelihood that 2018 would not pass so calmly. On cue, a wave of volatility hit at the beginning of February, caused by a tantrum in the US bond market, and has continued since. Clearly, this year will be defined by more frequent ups and downs, so investors should remain wary.

Investment & Economic Review January 2018

11 Jan 2018

For much of the past decade these quarterly reviews have contained references to the scourge of market and economic volatility, as we’ve been passing through an unusually disruptive investment and economic era. Thankfully, in 2017 volatility dissipated, (at least temporarily!). This quieter period can be illustrated by...

Investment & Economic Review October 2017

11 Oct 2017

For a generation now, investors, regulators and consumers have been dealing with a monumental ‘unwind’ process, that sought to and succeeded in shaking the bane of inflation and high interest rates out of the global economic system. In more recent years these concerted and aggressive acts of governments and central banks have consequently pushed this fix-up barrow too far… So now we head into the another great unwind, the ‘normalisation’ phase where interest rates start to rise and inflation returns. But there’s a problem...

Investment & Economic Review July 2017

3 Jul 2017

Most investment markets performed admirably in the last twelve months, particularly as economic trends have generally been uninspiring. Stock and real estate prices have certainly benefitted from the unprecedented stimulus provided by central banks and governments, in the form of extraordinarily low interest rates, and even more extraordinary money printing programs.

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